Travala.com has announced that they will incorporate VeChain’s VET token as a payment option for travelers on their crypto-friendly booking platform. Users can now use the token to book homes and hotels around the world. Juan Otero, CEO of Travala.com, believes that through the partnership, the company will continue to increase cryptocurrency adoption across the sector. The VeChain Foundation echoed these sentiments, and likewise noted an increasing surge in “consumer appetite for modern payment alternatives and scalable blockchain solutions.” The VeChain Foundation has partnered with a number of companies in recent weeks, including the accounting and consulting firm, Grant Thornton …

The VeChain Foundation has partnered with accounting and consulting firm Grant Thornton Cyprus. According to an announcement from the company, the partnership hopes to extend blockchain solutions to a variety of industries. These will largely be determined by the Cypriot company’s network of customers but may include the food industry, pharmaceuticals, logistics, the automotive industry, supply chain management, renewable energy, e-commerce and more. Discussing the company’s interest in Blockchain development, Grant Thornton Cyprus’ director of distributed technology, Alexis Nicolau, noted that legislation governing blockchain technology in Cyprus “is imminent.” Sunny Lu, co-founder and CEO aofVeChain, believes that the pandemic has …

VeChain’s newly released tool offers a suite of whitelabel services that will allow the food sector to implement on-chain safety management services. These services include traceability templates which track things like origin traceability, cross-border traceability, full-process traceability, and more. They have high hopes that the tool will be useful for many sub-sectors and products, such as fresh food, dairy, alcohol and wine, and imported food. Companies will also gain access to third-party services such as PwC, Deloitte, DNV GL, among others, to help them to reduce the cost of certification, auditing, insurance, and supply chain financial services. Lifecycle food traceability …

Bitcoin’s (BTC) rally above the $10,000–$10,400 zone has attracted several traders who had been waiting for a trending move to start. Yusuke Otsuka, the co-founder of Japanese crypto exchange Coincheck, said that several Japanese traders who had been dormant have started trading again this week. Monex Group CEO Oki Matsumoto also said that many traders who missed buying gold at lower levels are interested in Bitcoin as it has just started its uptrend. Crypto market data daily view. Source: Coin360 However, it should be noted that traders have different goals, and they trade different time frames. After the sharp up …

The team behind Cardano (ADA) blockchain, IOHK, have partnered with Wyoming-based BeefChain to utilize blockchain technology to improve food traceability and security. IOHK, which relocated to Wyoming in 2019, announced the partnership at the Cardano 2020 virtual event. Chief Commercial Officer Jerry Fragiskatos stated the solution will benefit both consumers and producers by tackling issues including food safety and recalls. The partnership will utilize DLT to standardize the tracking and recording processes for beef products along the supply chain from ranches to markets. BeefChain President Steven Lupien said it will result in a range of benefits across certification, traceability and …

Bitcoin’s (BTC) tight range has put analysts in a fix, meaning, every bit of data is being analyzed to determine the direction of the impending breakout. Bitcoin options open interest data can provide some clues on what the larger investors are expecting but there are many other factors at play that could influence Bitcoin’s spot price. Currently, the maximum open interest buildup in calls is at the $11,000 strike price and in puts at the $8,000 strike price. This suggests that the writers of these options do not believe that these levels are likely to be breached by expiry. Crypto …

Earlier this week the VeChain Foundation announced the winners of its second VeChain Community Video Contest. Celebrating the second anniversary of the launch of the VeChainThor mainnet, the contest attracted a high standard of entries with its total prize fund of 3 million VET ($54,000). Cointelegraph decided to cast a critical eye over the ten finalists and eventual winners. A community of professional filmmakers? The first thing that immediately strikes you is the overall quality level. I mean, sure, these are the top ten hand-picked finalists, and perhaps the judges had to sift through a whole bunch of dross in …

VeChain is clearly going up in the crypto world, as it is the latest target of the classic fake livestream airdrop on YouTube. The livestream, promising to give away half a billion VET tokens, has 38,000 viewers at time of writing. Double your money It’s a time-honored scam, supposedly originating from the early days of the Runescape online video game. You give me one token, I give you two tokens back. Double your money. Simple. Except for the fact that you never get the two tokens back. The YouTube version involves either hijacking or setting up a fake channel, and …

For many investors crypto trading remains a rags-to-riches affair where inexperienced investors hope to strike it rich by buying the cheapest priced altcoins like many novice traders did in 2017. Currently, the majority of traders do not expect Bitcoin (BTC) to pump 50% or more in a single week as $18,400 seems rather infeasible. On the other hand, many of these same investors are willing to put their hard-earned funds behind a lower cap, cheaper altcoins with the hopes that buying cheaper cryptocurrencies will lead to a higher return. A quick review of CoinMarketCap's index shows that 39 coins out …

Alternative cryptocurrencies, or altcoins, have started to record large gains across the board. Some small-cap coins have seen triple-digit percentage gains in recent weeks. But several larger-cap cryptocurrencies have also been posting serious gains such as VeChain (VET), Stellar (XLM), Cardano (ADA) and Chainlink (LINK). Cryptocurrency market performance in the past 7 days. Source: Coin360 Top ten top performers in the crypto market in the past week In the past week, VET, XLM, ADA, ALGO, LINK, BSV, ATOM, XRP, CRO and ETC outperformed the rest of the market including Bitcoin, which gained just 1.13% during the period. The chart below …

Bridgewater CIO Ray Dalio said that central banks have moved away from their traditional role and have become owners of assets since the 2008 Financial crisis. They now act as “market makers.” Therefore, the “capital markets are not free” anymore. Dalio warned that the US dollar is likely to lose its attractiveness as the reserve currency of the world. Crypto market data daily view. Source: Coin360 However, it will be a while before the current economic system crumbles due to the measures taken by the central banks. Until the majority do not realize that money printing cannot be the solution …

Blockchain technology and the Internet of Things (IoT) can solve some of the food industry’s most pressing challenges and save it $100 billion a year, according to a recent report by Cointelegraph Consulting and VeChain. The report forecasts that $300 billion worth of food items will be traced along the supply chain annually within seven years. The lack of transparency and accountability in the global food industry’s supply chain costs billions of dollars annually. To take one example, it’s believed that as much as 20% of global wine sales are counterfeit, worth $6 billion. And things get even fishier when …